Introduction
Pine Labs Ltd. is one of India’s leading fintech companies offering innovative digital payment and financial solutions to merchants and consumers. Established with a goal to simplify payment acceptance, the company today powers millions of transactions every day across India and several international markets.
Company Overview
Pine Labs started its journey in 1998 as a payment and loyalty solution provider. Over the years, it has evolved into a strong digital payments enabler, helping merchants accept multiple forms of payment using a single platform.
Their technology offers point-of-sale (PoS) machines, merchant credit, consumer financing, and digital payment solutions across a wide range of sectors like retail, hospitality, electronics, fuel, healthcare, and more.
Key Business Offerings
✅ 1. Point-of-Sale (PoS) Solutions
Pine Labs offers smart PoS machines to merchants. These terminals support:
- Credit/Debit cards
- UPI
- QR codes
- Mobile wallets
- EMI options
This makes payment acceptance fast, easy, and secure.
✅ 2. Pay Later & EMI Solutions
Pine Labs provides Buy Now, Pay Later (BNPL) services. Customers can convert purchases into flexible EMIs at partner merchants.
This facility is widely available at:
- Electronics stores
- Fashion outlets
- Healthcare centers
- E-commerce platforms
✅ 3. Merchant Financing
Merchants can get short-term business loans based on the transaction flow from their PoS. This helps small and medium businesses manage cash and scale faster.
✅ 4. Gift Cards & Loyalty Programs
Through its brand Qwikcilver (acquired in 2020), Pine Labs offers:
- Gift cards
- Stored value cards
- Rewards & loyalty programs
Many top Indian brands use their gifting solutions.
Presence & Scale
- Headquartered in Noida, India
- Operations in India, Southeast Asia, and Middle East
- Serves 100,000+ merchants
- Used in 350,000+ PoS terminals
- Processes millions of transactions every month
Its vast footprint helps businesses access advanced fintech solutions even in smaller cities.
Investor Backing
Pine Labs has strong support from global investors, including:
- Sequoia Capital
- Temasek
- PayPal
- Mastercard
- Sovereign wealth funds
These investments highlight trust in its growth and innovation.
Subsidiaries & Brands
- Qwikcilver – Gift cards & digital stored value solutions
- Setu (acquired stake) – API-based financial services
Market Position
Pine Labs is considered one of India’s top fintech companies with a strong leadership in offline merchant payments and consumer credit. Its combination of payment, credit, and gift card products makes it a complete ecosystem for merchants.
Vision & Mission
Vision:
To create a simple, secure, and smart digital payment ecosystem for businesses and consumers.
Mission:
To empower merchants by providing powerful technology that improves customer experience and business growth.
Why Pine Labs is Successful
- Continuous innovation
- Strong merchant network
- Seamless payment experience
- Partnerships with leading banks & brands
- Focus on both offline and online spaces
Future Outlook
Pine Labs is expanding into digital platforms, online payments, and global markets. With the growth of UPI, digital credit, and integrated commerce, Pine Labs is well-positioned to continue leading India’s fintech revolution.
Pine Labs Ltd. IPO Timetable
| Particular | Date |
| IPO Open Date | 07 Nov 2025 |
| IPO Close Date | 11 Nov 2025 |
| Allotment Date | 12 Nov 2025 |
| IPO Listing Date | 14 Nov 2025 |
Pine Labs Ltd. IPO Details
| Issue Type | Book building IPO |
| Face Value | Rs. 1 Per Equity Share |
| IPO Price | Rs. 210 to 221 Per Equity Share |
| Market Lot | 67 Share |
| ISIN Code | |
| Listing At | NSE, BSE |
| Issue Size | Rs. 3899.91 Crore. |
Pine Labs Ltd. IPO Lot Size
| Application | Lots | Shares | Amount |
| Minimum | 1 | 67 | Rs. 14807 |
| Maximum | 13 | 871 | Rs. 192491 |
| Small HNI (Minimum) | 14 | 938 | Rs. 207298 |
| Big HNI (Minimum) | 68 | 4556 | Rs. 1006876 |
Pine Labs Ltd. IPO Allotment Status
Click Here To Check IPO Allotment Status Pine Labs Ltd. IPO
Click Here To Get ASBA Forms Pine Labs Ltd. IPO
Company Financials :
| Particular | 31 March 2025 | 31 March 2024 | 31 March 2023 |
| Total Assets | 10715.74 | 9648.56 | 9363.21 |
| Total Revenue | 2327.09 | 1824.16 | -1690.44 |
| Profit After Tax | -145.49 | -341.90 | -265.15 |
Company Promoters:
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Objects of this Issue:
- Repayment in full or in part, of certain borrowings availed of by our Company and certain of our Subsidiaries,
- Investment in certain of our Subsidiaries, namely Qwikcilver Singapore, Pine Payment Solutions, Malaysia and Pine Labs UAE for expanding our presence outside India
- Investment in IT assets, expenditure towards cloud infrastructure, technology development initiatives and procurement of DCPs
- General corporate purposes and unidentified inorganic acquisitions
Registrar & Company Details
| Company Contact Information | IPO Registrar |
| Pine Labs Ltd. Unit No. 408, 4th Floor, Time Tower, MG Road, DLF QE Gurgaon, Haryana, 122002 Phone: +91 22 6986 3600 Email: cosecy@pinelabs.com Website: http://www.pinelabs.com/ | Kfin Technologies Ltd. Phone: 04067162222, 04079611000 Email: einward.ris@kfintech.com Website: https://ipostatus.kfintech.com/ |
